BHP Group Limited NPV (DI) (BHP)

Sector:

Mining

2,275.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 2,700.00
  • 52 Week Low: 2,175.00
  • Currency: UK Pounds
  • Shares Issued: 5,064m
  • Volume: 848,132
  • Market Cap: £115,215m

Barclays downgrades European miners to 'neutral' on China steel output cuts

By Alexander Bueso

Date: Tuesday 14 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Barclays downgraded their stance for European miners to 'neutral' given China's "rapid" steel production cuts and the likelihood that they might extend into 2022 and beyond in order to limit industry emissions.
Combined with slowing demand and given the medium-term projections for supply growth, Beijing's latest measures had led Barclays to reset its price deck for iron ore lower - leaving iron ore earnings on the cusp of mark-to-market downgrades.

Glencore remained their highest conviction 'overweight' in the space, with the analysts pointing to what they termed was an "attractive" valuation and naming it as their 'top pick'.

The commodity trader's shares were changing hands on free cash flow yield of 28% and a price-to-earnings multiple of 3.9.

Barclays also specifically pointed out Glencore's earnings momentum and cash returns.

On the other hand, they downgraded their recommendation on BHP to 'equalweight' reflecting its "strong" relative performance, premium valuation and now greater exposure to iron ore than Rio Tinto.

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BHP Market Data

Currency UK Pounds
Share Price 2,275.00p
Change Today 18.00p
% Change 0.80 %
52 Week High 2,700.00
52 Week Low 2,175.00
Volume 848,132
Shares Issued 5,064m
Market Cap £115,215m

BHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
94.56% above the market average94.56% above the market average94.56% above the market average94.56% above the market average94.56% above the market average
93.89% above the sector average93.89% above the sector average93.89% above the sector average93.89% above the sector average93.89% above the sector average
Price Trend
13.03% below the market average13.03% below the market average13.03% below the market average13.03% below the market average13.03% below the market average
48.25% above the sector average48.25% above the sector average48.25% above the sector average48.25% above the sector average48.25% above the sector average
Income
95.45% above the market average95.45% above the market average95.45% above the market average95.45% above the market average95.45% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average
Growth
74.33% above the market average74.33% above the market average74.33% above the market average74.33% above the market average74.33% above the market average
84.38% above the sector average84.38% above the sector average84.38% above the sector average84.38% above the sector average84.38% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 8
Sell 2
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BHP Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 07-Sep-23
Paid 28-Mar-24 28-Sep-23
Amount 72.00¢ 80.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 343,524 @ 2,275.00p
16:35 107 @ 2,275.00p
16:35 45 @ 2,275.00p
16:35 388 @ 2,275.00p
16:35 48 @ 2,275.00p

BHP Key Personnel

Chair Ken MacKenzie
CEO Mike Henry

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